$SOFI
Added 2025-01-02 11:25:11 +0000 UTC$SOFI was hit with a downgrade this morning(KBW PT at $8), on the first trading day of the year which seems very harsh (below) but as we know, we have this in Wave 4 anyway and if the US 10 YR continues to move higher, this will put pressure on $SOFI anyway....so I don't think the downgrade coming in now is a bad idea before earnings which is expected around the start of Feb.
The big test will be the 0.38 Fib at $13, a hold here and Wave 5 is still possible at $25.
The median PT for $SOFI is $12.
** Shares of trading app SoFi Technologies 
SOFI fall 2.08% at $15.08 premarket
** KBW downgrades to "underperform" from "market perform"
** Brokerage says, despite potential near-term catalysts, the path to long-term outlook appears "long and difficult"
** KBW raises PT to $8 from $7
** KBW says, management's long-term target for ROTCE of 20%-30% will be tough to achieve, especially as SoFi's own forecast for 2026 implies an ROTCE of about 13%-15%
** 4 of 16 brokerages rate the stock "buy" or higher, 7 "hold" and 5 "sell" or lower; their median PT is $12
Comments
Brand new to the group as of today! Can you point me to the learnings on the waves?
Jeffrey Santoro
2025-01-04 14:24:05 +0000 UTCI think it's in a straight forward Wave 4 now
Gareth Neary
2025-01-04 14:04:04 +0000 UTCDid you see the Deutche upgrade? Thoughts on their analysis, I think PT $14. And seems like a far more credible analyst than the clown shop KBW. Appears based on your PT you think all the good news is already baked in prior to end of Jan earnings?
Jeffrey Santoro
2025-01-04 14:03:00 +0000 UTCDoubling down
Gareth Neary
2025-01-02 21:01:12 +0000 UTCI don’t know if you saw this but they also downgraded exactly a year ago at 6.50. I think they just want cheaper shares
Giorgio
2025-01-02 20:48:20 +0000 UTC
